Rent/Lease Office 1825 Park Ave

The Lee Building, located at 1825 Park Avenue in Manhattan, NYC, has a rich history dating back to its construction in 1901. It is a 12-story, Class C commercial building located in the East Harlem neighborhood, also known as Upper Manhattan. The building has historically been significant as it was once owned by Eugene Giscombe, an African American real estate investor who was influential in Harlem. In 2015, Savanna, a real estate and private equity management firm, acquired the property from Giscombe for $48 million. This marked Savanna's first acquisition in Harlem, highlighting the neighborhood's growing appeal to institutional investors.

In 2018, Carver Federal Savings, the largest African American-run bank in the U.S., relocated its headquarters to the Lee Building, signing a 10-year lease for 20,000 square feet. The building holds cultural significance as it was once the only commercial property office building in Manhattan owned by an African American.

By 2023, Savanna handed over the keys to TPG Real Estate Finance, the building's lender, in a deed-in-lieu of foreclosure valued at approximately $56.2 million. This property transfer underscored challenges faced by many landlords due to increasing office vacancies.

The Lee Building is part of the vibrant Harlem neighborhood, known for its strong community presence and historical significance. It offers proximity to various amenities and transportation options, including the 4/5/6 subway lines and the 125th Street Metro-North Railroad Station.

1825 Park Avenue, Manhattan, NYC is known as The Lee Building. This historic building offers multiple addresses, including:

• 1825 Park Avenue
• 101-105 E 125th Street
• 1821-1827 Park Avenue

Located in East Harlem, it features a total area of 112,500 square feet and consists of 12 stories. The building was originally built in 1901 and has recently undergone renovations, including a new lobby, bathrooms, and tenant suites.

The neighborhood is vibrant with dining options such as Sylvia's, Red Rooster, and Yuzu, making it a desirable location for businesses and residents alike. It is conveniently situated near major transportation hubs including the 125th Street Metro-North Railroad Station and several MTA subway lines.

The Lee Building at 1825 Park Avenue, Manhattan, NYC, offers the following building amenities:

• Modern Lobby: Newly renovated for a contemporary feel.
• New Bathrooms: Providing updated facilities for tenants.
• Newly Built Tenant Suites: Offering modern office spaces.
• High-End Finishes: Features glass partitions, exposed brick accents, marble countertops, carpets, and polished concrete.
• Internet Connectivity: Wired with multiple fiber companies and fixed wireless connectivity from the rooftop.
• Security: 24/7 access and security system.
• Vaulted Ceilings: 10- to 12-foot ceilings provide ample space.
• Unobstructed Views: Southern views of the Manhattan skyline.
• Transportation Access: Steps from Metro-North's 125th Street stop, and close to 4, 5, 6 MTA subway lines.
• Neighborhood Amenities: Includes dining options like Sylvia's, Red Rooster, Yuzu, Chez Lucienne, and Corner Social.

1825 Park Avenue, known as The Lee Building, is located in East Harlem, Manhattan, and features a diverse range of office tenants. Notable tenants include Northwestern Mutual Harlem, Beth Israel MMTP, Mount Sinai, NADAP Inc., Beth Israel Medical Center, Carver Federal Savings Bank, Chase Bank, Donaldson & Chilliest, LLP, and Greenstein & Milbauer.

1825 Park Avenue, located in East Harlem, Manhattan, NYC, features internet connectivity provided by two fiber companies, offering business-grade internet access. Additionally, the building includes fixed wireless connectivity from the rooftop, ensuring diverse primary and backup internet connections.